Raleigh Department Store converted from the conventional retail method to the LIFO retail method on January 1, 2014, and is now considering converting to the dollar-value LIFO retail inventory method. Management requested, during your examination of the financial statements for the year ended December 31, 2016, that you furnish a summary showing certain computations of inventory costs for the past three years. Available information follows

2016						2017
	Cost			Retail			Cost			Retail
Beginning inventory	$	35,000		$	50,000
Net purchases		89,750			113,000		$	96,525		$	118,700
Freight-in		2,500						3,000
Net markups					12,500						9,000
Net markdowns					2,500						2,700
Net sales to customers					109,890						104,260
Sales to employees (net of 20% discount)					3,000						4,800
Price Index:
January 1, 2016											1.00
December 31, 2016											1.06
December 31, 2017											1.14

Required:

Estimate the 2016 and 2017 ending inventory and cost of goods sold using the dollar-value LIFO retail inventory method. (Round your cost-to-retail percentage calculations to 2 decimal places.)